2001 vs. 2012 Interest Rates

 

 

 

 

 

In Denver, this 4% interest rate today (August 2012) is conservative and the difference in the monthly payment is significant,without pushing the numbers.

As our inventory shrinks, property prices will increase, as the prices of the houses increase we will expect to see increases in the interest rates.

Remember, you do not need 20% down to purchase. There are many mortgage options available with as little as 3.5% (FHA) or 5% down.  Being pre-approved and having clean credit only increases your buying power by receiving the best interest rate available and being able to make quick decisions in our market where houses are selling quickly. IF your credit isn’t clean, now is the time to clean it up.  I have someone who can help with that.

Start searching properties now, by clicking the button above this article. Call me for a Mortgage Banker or Broker reference and let’s find a great home, that is perfect for you.